Shelbyville KY Homes Transfers week ending April 19 2008Posted by Jonathan Karlen on Friday, September 2nd, 2011 at 8:19pm.
Dominion Homes of Kentucky LTD – to Angela & Kevin Veeley – lot 40 Cloverbrook Farms, phase 1 section 1 – $142025
Charterwest Mortgage LLC through Countrywide Home Loans & Christy Reese – to The Bank of New York – lot 5 Ardmore Subdivision – $1
David & Stacey Monteleone – to Prudential Relocation Inc. – tract A, Rockbridge Heights II – $293000
Prudential Relocation Inc – to Jennifer Payne & Trevor Rowe – Tract A Rockbridge Heights II – $293000
Bank of New York acting as successor Trustee, Raymundo & Carmelina Nava – to The Bank of New York Trust Company – lot 36 Midland estates section 2 – $1
Chase Bank USA – Jeffrey Waldridge – to Federal National Mortgage Association – tract 1 Hillview Estates – $1
AKL Properties LLC – to Michael & Gwynne Brunzo – lot 20 Knobview Estates – $189000
Kevin Browning – to Joseph & Johnna Griffith – property in Shelby County – $55500
National City Mortgage Company, Roy Lay Senior – to Federal Home Loan Mortgage Corporation – lot 6 Grove Subdivision – $1
Nancy & Charles Wells – to Kelly Cannon – lot 44 Orchard Crossing – $109500
Aurora Loan Services & Edna Parr – to Secretary of Veteran’s Affairs – property located at Watson and Main Street – $1
Wells Fargo Bank acting as trustee, and Scott & Suzanne Frech – to Wells Fargo Bank trustee – lot 42 Cardinal Club Estates – $1
Louisville and Nashville Railroad – to Glen & Lise Sageser – property located at James Quincy Estate – $100
Glenn & Lise Sageser – to James & Lisa Sams – property near Christianburg Kentucky – $300
James & Lisa Sams – to Aurora Farms LLC – 2 tracts in Shelby County KY – $165000
Andrew & Lisa Cheak – to Paul Castro – Lot 32 Woodfield Subdivision section II – $172000
Jo Ann Dillen & Mary Goldey – to Jo Ann Dillen & Mary Goldey – lot 42 Estates of Osprey Cove – $1
As you can tell by looking at the Shelbyville homes for sale that sold and transfered this week, a majority of the homes are in the more conservative end of the spending market. There were no luxury homes sold this week as the most expensive property was $293000. Again, this would indicate a softening in the luxury Shelby county real estate market – and prices SHOULD come down. [How long it takes for persons to realize this is anyone's guess.] The tremendous glut of inventory on the market combined with weakening demand for living in Shelby County is basic Economics 101: excess Shelbyville Kentucky homes inventory + weakening demand = should equate to lower prices. Hopefully the Shelbyville Kentucky real estate market will start actually looking at the data – rather than just shooting from the gut, or worse – just listing the properties for whatever the home owner wants. Look at the data.
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